Intact Investment Management Inc. purchased a new stake in shares of Jacobs Engineering (NYSE:J) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,000 shares of the company’s stock, valued at approximately $593,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in J. Hanson & Doremus Investment Management acquired a new stake in Jacobs Engineering during the 2nd quarter worth approximately $26,000. Weaver Consulting Group bought a new position in Jacobs Engineering during the 2nd quarter worth $34,000. Parallel Advisors LLC bought a new position in Jacobs Engineering during the 2nd quarter worth $35,000. Patriot Financial Group Insurance Agency LLC bought a new position in Jacobs Engineering during the 2nd quarter worth $41,000. Finally, Ellevest Inc. bought a new position in Jacobs Engineering during the 2nd quarter worth $42,000. 88.87% of the stock is owned by institutional investors.
A number of equities analysts have commented on the company. Benchmark lowered their price objective on Jacobs Engineering from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Credit Suisse Group reiterated a “buy” rating and issued a $100.00 price target on shares of Jacobs Engineering in a research note on Wednesday. William Blair reiterated a “buy” rating on shares of Jacobs Engineering in a research note on Tuesday, June 2nd. DA Davidson decreased their price target on Jacobs Engineering from $110.00 to $95.00 in a research note on Monday, May 11th. Finally, Argus decreased their price target on Jacobs Engineering from $116.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $99.80.
Shares of J stock opened at $85.35 on Friday. The firm has a market capitalization of $11.11 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.46 and a beta of 0.96. Jacobs Engineering has a twelve month low of $59.29 and a twelve month high of $104.00. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.55. The stock’s fifty day simple moving average is $83.28 and its 200 day simple moving average is $85.51.
Jacobs Engineering (NYSE:J) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.13. The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.37 billion. Jacobs Engineering had a return on equity of 12.61% and a net margin of 6.23%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts expect that Jacobs Engineering will post 4.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 24th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.89%. Jacobs Engineering’s dividend payout ratio is currently 15.05%.
In other Jacobs Engineering news, Director Linda Fayne Levinson sold 1,000 shares of Jacobs Engineering stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $80.19, for a total transaction of $80,190.00. Following the transaction, the director now directly owns 57,888 shares of the company’s stock, valued at approximately $4,642,038.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.
About Jacobs Engineering
Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. Jacobs provides professional services through two lines of businesses: Critical Mission Solutions, and People and Places Solutions.
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